Standard Bank Group Limited - Redemption Of Tier II Bonds By SBSA
Standard Bank Group Limited
Incorporated in the Republic of South Africa
Registration number: 1969/017128/06
JSE Share code: SBK
Namibian Share code: SNB
ISIN: ZAE000057378
On 31 May 2000 The Standard Bank of South Africa Limited (`SBSA`) issued R1.2
billion subordinated callable bonds qualifying as secondary capital (`SBK1`).
These bonds are subject to terms and conditions as set out in the offering
circular dated 23 May 2000 (`Offering Circular`).
In terms of the Offering Circular, the bonds mature on 1 June 2010. The SBK1
bonds are redeemable at the option of SBSA on 1 June 2005, subject to the prior
written approval of the Registrar of Banks.
Pursuant to condition 6.2 of the terms and conditions of the SBK1 bonds set out
in the Offering Circular and having obtained the requisite prior written
approval from the Registrar of Banks, SBSA hereby gives notice that it will
redeem the R1.2 billion SBK1 bonds on 1 June 2005 at face value together with
any interest accrued to that date.
For further information, please contact:
Simon Ridley (Chief Financial Officer)
tel 011 636 3756
e-mail: simon.ridley@standardbank.co.za
Norbert Hoffmann (Director: Group Capital Management)
tel 011 636 3712
e-mail: norbert.noffmann@standardbank.co.za
Andrew Pamphilon (Director: Debt Origination)
tel 011 378 7003
e-mail: andrew.pamphilon@standardbank.co.za
Date: 04/04/2005 07:08:03 AM
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